Crude Oil prices have managed strong gains, but the market looks heavy up here and may be in some danger of topping out
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Wednesday, 13 March 2024
British Pound Update – GDP Picks Up in January, GBP Unchanged, FTSE Tests Resistance
UK GDP figures showed economic growth picking up in January but the outlook still looks weak. Sterling remains little changed while the FTSE 100 tests multi-month resistance.
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Tuesday, 12 March 2024
Euro Slides Against Perky Dollar As US Inflation Springs Upside Surprise
US CPI has ticked up unexpectedly, if not yet to the sort of levels which might cause the market to seriously rethink its rate-cut bets
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US Inflation Comes in Hotter-Than-Expected, USD Gets a Small Bid, Gold Drifts
US inflation came in above expectations in February but the market is currently shrugging off the data having any impact on policy as US rate cut expectations remain unchanged.
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British Pound Latest - UK Labor Market Cools, GBP Steadies, FTSE 100 Probes Higher
The latest official UK labor statistics show the UK jobs market cooling a fraction with the unemployment rate nudging higher and wages ticking lower.
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Monday, 11 March 2024
US Inflation Preview: What’s Ahead for Gold Prices, the US Dollar and Stocks?
Gold prices, the U.S. dollar, and stocks will be highly responsive to the February U.S. inflation report, as consumer price index data holds the potential to shape the Federal Reserve's near-term monetary policy outlook.
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British Pound Update, GBP/USD Near Multi-Month Highs, EUR/GBP Eyes New Lows
The Bank of England is expected to lag both the Fed and the ECB when it comes to cutting interest rates, helping to boost Sterling against the US dollar and the Euro.
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Japanese Yen Gains Again As Dollar Wilts, BoJ Policy in the Spotlight
The Yen is gaining as investors scent not only lower US interest rates but also, just possibly, higher Japanese ones
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US Dollar Weakness Persists, Bitcoin Hits a New All-Time High, Gold Consolidates
A quiet start to the week across most markets ahead of Tuesday’s US CPI release, although Bitcoin is soaring to a fresh record high.
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Sunday, 10 March 2024
Markets Week Ahead: Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble
Interest rates in the EU and the US look set to be cut in June, Nasdaq slides on Nvidia sell-off, Gold continues to print fresh highs.
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Saturday, 9 March 2024
US Dollar Forecast: US CPI to Spark Next Big Move - EUR/USD, USD/JPY, GBP/USD
February's U.S. inflation data is poised to ignite heightened market volatility in the upcoming week, playing a pivotal in shaping the near-term outlook for the U.S. dollar.
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Friday, 8 March 2024
Euro Weekly Forecast: Gains Look Vulnerable in Week of Modest Data
This article explores euro’s fundamental and technical outlook, examining pivotal factors that may influence price movements in the upcoming week.
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US Dollar Falls Further After US NFP Beat But January Number Revised Sharply Lower
The latest US Jobs Report (NFPs) beat market expectations – 275k vs. 200k forecast – but the blowout January number of 353k was revised sharply lower to 229k.
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Ethereum (ETH) Price Chart Looks Primed for Further Gains in the Coming Weeks
Ethereum is bubbling under the $4k level after a sustained rally since late-January. The medium-term outlook remains positive but care needs to be taken in the short-term.
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US Dollar Remains Weak, Gold and Bitcoin Eye Fresh Highs as US NFPs Near
Fed Chair Powell pushed the US dollar lower yesterday after indicating that rate cuts are on the horizon, a similar view to ECB President Lagarde earlier in the day.
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Thursday, 7 March 2024
US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups
The February's U.S. jobs report is poised to inject a considerable amount of volatility into financial markets and may play a pivotal role in shaping the near-term trajectory of the U.S. dollar.
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Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit
Could March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing.
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US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon
Federal Reserve Chair Jerome Powell gave little away yesterday at his semi-annual testimony to the House yesterday, leaving the US dollar in limbo ahead of Friday’s US Jobs Report.
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Wednesday, 6 March 2024
Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY
This article discusses the upcoming ECB decision and its potential ramifications for the euro's outlook. In the piece, we also explore the technical profile for EUR/USD, EUR/GBP, and EUR/JPY, assessing price action dynamics and market sentiment.
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US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP
The U.S. dollar weakens amidst falling U.S. Treasury yields, as markets raise doubts about the Fed's commitment to wait longer before cutting rates. Focus now shifts to the upcoming U.S. jobs report.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...